W Vernie Reed Memorial Fund

Charity Navigator Rating: Needs Improvement (Two Stars, 70%)

The W Vernie Reed Memorial Fund has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while it has some strengths in its financial practices, there are significant areas needing improvement. With an impressive 99.10% program expense ratio, it demonstrates a strong commitment to directing funds toward its mission. Additionally, the organization benefits from a fully independent board, with all members meeting the criteria for independence.

However, the fund faces critical shortcomings in transparency and accountability. Notably, it lacks essential policies, such as a conflict of interest policy and a whistleblower policy, which could impact its governance. Furthermore, the absence of a website listed on its tax form and missing board meeting minutes raise concerns regarding public accessibility to vital information about its operations.

Overall, while the W Vernie Reed Memorial Fund excels in program expenses and board independence, its failure to address governance and transparency issues suggests a need for improvement in these areas to enhance donor trust and organizational effectiveness.

This AI summary has been generated from information found on Charity Navigator.

W Vernie Reed Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. W Vernie Reed Memorial Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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